Malaysia’s GLICs hold combined AUM valued at over RM1.8 trillion, roughly the size of Malaysia’s nominal GDP<br /><br />Following the enactment of the Audit (amendment) Bill, which took effect on 1st November, the Auditor-General now holds the authority to audit the accounts of 1,856 entities, including GLCs. <br /><br />If audits uncover just RM1 million in savings per company, the total could reach RM2 billion - resources that can be allocated towards transforming Malaysians’ lives for the better.<br /><br />NIAGA SPOTLIGHT focuses on transparency and accountability for GLCs and GLICs to identify underperforming entities and improve Malaysia's overall economic landscape. <br />
